Series C Junior Units definition

Series C Junior Units means Partnership Units representing any class or series of Partnership Interest ranking junior to the Series C Preferred Units as to distributions or rights upon voluntary or involuntary liquidation, dissolution or winding-up of the Partnership, or both, as the context may require.
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Series C Junior Units means Capital Stock of the Company that, with respect to distributions upon Liquidation, ranks junior to the Series C Preferred Mirror Units, including but not limited to Class A Common Units, Class B Common Units, Class C Common Units and any other class or series of Capital Stock issued by the Company or any Subsidiary of the Company as of the Series C Original Issue Date. “Series C Liquidation Preference” has the meaning set forth in Section 18.05. “Series C Notice of Conversion” has the meaning set forth in Section 18.06(a). “Series C Original Issue Date” shall mean the date on which the first Series C Preferred Mirror Unit is issued. “Series C Parity Units” means Capital Stock of the Company that, with respect to distributions upon Liquidation, ranks on a parity basis with the Series C Preferred Mirror Units, including the Series A Preferred Mirror Units. “Series C Price” has the meaning set forth in Section 18.07(b). “Series C Redemption Date” has the meaning set forth in Section 18.08(e). “Series C Reorganization Event” has the meaning set forth in Section 18.07(a)(v). “Series C Senior Units” means Capital Stock of the Company that, with respect to distributions upon Liquidation, ranks senior to the Series C Preferred Mirror Units. “Series C Spin-Off” has the meaning set forth in Section 18.07(a)(iii). “Series C Stated Value” is an amount equal to one thousand dollars ($1,000) per Series C Preferred Mirror Unit. “Series C Tender/Exchange Offer Valuation Period” has the meaning set forth in Section 18.07(a). “Series C Valuation Period” has the meaning set forth in Section 18.07(a)(iii). “Trading Market” means the principal U.S. national securities exchange (as defined in the Exchange Act) on which the Class A Common Stock is then listed or quoted for trading on the date in question, including, without limitation, Nasdaq, NYSE/Euronext, BATS, or if such Class A Common Stock is not listed or quoted on any of the foregoing, then the OTCBB, OTCQB or such other over the counter market in which such Class A Common Stock is principally traded. “Unit Settlement Option” has the meaning set forth in Section 18.08(g). “VWAP” means, for any date, the price determined by the first of the following clauses that applies: (a) if the Class A Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Class A Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Class A Common Stock ...
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Series C Junior Units means Common Units and any class or series of Partnership Units hereafter issued and outstanding that are not Series C Senior Units, Series C Preferred Units or Series C Parity Units. “Series C Liquidation Amount” means the greater of (a) the aggregate Series C Liquidation Preference plus the aggregate Series C Redemption Premium or (b) an amount per Series C Preferred Unit equal to the amount which would have been payable to a Series C Preferred Unit holder had each Series C Preferred Unit been converted into OP Units immediately prior to such Liquidation. “Series C Liquidation Preference” means fifteen dollars and sixty-seven cents ($15.67) per Series C Preferred Unit. “Series C Parity Units” means the Series D Preferred Units, Series F Preferred Units and any class or series of Partnership Units hereafter issued and outstanding, whether or not the distribution rates thereof shall be different from those of the Series C Preferred Units, if the holders of such class or series and the Series C Preferred Units shall be entitled to (i) the receipt of distributions in proportion to their respective amounts of accrued and unpaid distributions per unit and (ii) amounts distributable upon Liquidation in proportion to their respective liquidation preferences, in each case without preference or priority one over the other. “Series C Preferred Return” means, for each Series C Preferred Unit, a cumulative, non-compounded rate per annum equal to 5.81% of the Series C Liquidation Preference; provided, that the amount payable for any Series C Distribution Period shall be computed by dividing the Series C Preferred Return by twelve, and the amount of distributions payable for any period shorter or longer than a full Series C Distribution Period shall be computed on the basis of twelve 30-day months and a 360-day year. “Series C Preferred Stock” means the Series C Convertible Preferred Stock, par value $.01 per share, of the General Partner. “Series C Preferred Unit” means a Partnership Unit which is designated by the General Partner as a Series C Preferred Unit of the Partnership. “Series C Redemption Date” has the meaning set forth in Section 14.05. “Series C Redemption Premium” equals twenty percent (20%) of the Series C Liquidation Preference. “Series C Senior Units” means any class or series of Partnership Units hereafter issued and outstanding, if the holders of such class or series shall be entitled to the receipt of
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Examples of Series C Junior Units in a sentence

  • Subject to the rights of the holders of Series C Parity Units, after payment shall have been made in full to the holders of the Series C Preferred Units as provided in this Section 5, any series or class or classes of Series C Junior Units shall, subject to any respective terms and provisions applying thereto, be entitled to receive any and all assets remaining to be paid or distributed, and the holders of the Series C Preferred Units shall not be entitled to share therein.

  • The Series C Preferred Units shall, with respect to the payment of distributions and the right to receive the Series C Liquidation Preference upon a Liquidation, rank junior to all Series C Senior Units; rank senior to all Series C Junior Units, and rank in parity with all Series C Parity Units.

  • The Series C Preferred Mirror Units will rank, with respect to distributions upon Liquidation: (a) on a parity basis with all Series C Parity Units; (b) junior to all Series C Senior Units; and (c) senior to all Series C Junior Units.


More Definitions of Series C Junior Units

Series C Junior Units means Common Units and any class or series of Partnership Units hereafter issued and outstanding that are not Series C Senior Units, Series C Preferred Units or Series C Parity Units.
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Related to Series C Junior Units

  • Junior Units means Common Units and any other equity securities that the Partnership may issue in the future ranking, as to the payment of distributions, junior to the Series A Preferred Units.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Series A Junior Securities means any class or series of Partnership Interests that, with respect to distributions on such Partnership Interests and distributions upon liquidation of the Partnership, ranks junior to the Series A Preferred Units, including Common Units and Non-Voting Common Units, but excluding any Series A Parity Securities and Series A Senior Securities.

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.

  • Series C or "Series C Equipment Notes" means Equipment Notes issued and designated as "Series C" hereunder, in the Principal Amount and maturities and bearing interest as specified in Section 2.02 and Schedule I hereto under the heading "Series C."

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 per share.

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • Series A Preferred means the Series A Convertible Preferred Stock of the Company, par value $0.01 per share.

  • Series A or “Series A Equipment Notes” means Equipment Notes issued and designated as “Series A Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series A Equipment Notes” and bearing interest at the Debt Rate for Series A Equipment Notes specified in Schedule I to the Indenture.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series B Preferred means the Company’s Series B Preferred Stock, par value $0.001 per share.

  • Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.

  • Series B or “Series B Equipment Notes” means Equipment Notes issued and designated as “Series B Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series B Equipment Notes” and bearing interest at the Debt Rate for Series B Equipment Notes specified in Schedule I to the Indenture.

  • Series B-1 Preferred Shares means the Company’s series B-1 preferred shares, par value US$0.00001 per share.

  • Series D Shares means shares of Series D Convertible Preferred Stock, par value $0.001 per share of the Company and having the rights, privileges, preferences and restrictions set forth in the Charter.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

  • Series D Preferred means the Series D Convertible Preferred Stock of the Company, par value $.01 per share.

  • Series A Shares means Series A currency hedged mutual fund shares and/or Series A non-currency hedged mutual fund shares of a fund, as applicable.

  • Series C Preferred means the Company's Series C Preferred Stock, par value $0.01 per share.

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.